SEOUL, Oct. 2 (Korea Bizwire) — South Korea’s leading association of listed firms has voiced opposition to a proposed across-the-board corporate tax hike, arguing it would further burden businesses already struggling with weak global demand and a downturn in the semiconductor sector. The Korea Listed Companies Association (KLCA) said Tuesday it had submitted a formal [...]
SEOUL, Oct. 2 (Korea Bizwire) — South Korea’s government said Wednesday it will roll out more than 500 projects over the next five years to weave artificial intelligence into the nation’s industrial base, part of President Lee Jae-myung’s bid to build what he calls a “super-innovation economy.” Industry Minister Kim Jung-kwan outlined the plan at [...]
JEJU, Oct. 1 (Korea Bizwire) — Jeju Province’s pilot program encouraging food delivery in reusable containers has surpassed 2,000 orders in less than two months, signaling strong public support for the island’s ambitious campaign to curb single-use plastics. Launched on Aug. 13 in Jeju City’s Yeon-dong and Nohyeong-dong districts, the “Yonggi-inneun Jumun” (“Courageous Order”) service allows [...]
SEOUL, Oct. 1 (Korea Bizwire) — South Korea’s antitrust regulator said Tuesday that subscription-based platforms, including online video services, were the most common offenders in its latest crackdown on so-called “dark patterns,” deceptive online practices that make it difficult for consumers to cancel services or avoid hidden charges. The Korea Fair Trade Commission (KFTC) and [...]
SEOUL, Oct. 1 (Korea Bizwire) – South Korea and the United States have reaffirmed a fundamental principle to avoid manipulating exchange rates and to monitor the “stability” of the foreign exchange (FX) market, Seoul’s finance ministry said Wednesday. The two countries have agreed to “avoid manipulating exchange rates or the international monetary system to prevent [...]
JEJU, Sept. 30 (Korea Bizwire) — Jeju Province will roll out a three-year pilot program to repurpose used electric-vehicle batteries into agricultural machinery and energy storage systems, underscoring South Korea’s broader push to strengthen its battery recycling industry. The project, set to run through 2027, will supply 100 devices—including farm equipment, transport robots, and streetlights [...]
SEOUL, Sept. 28 (Korea Bizwire) — The South Korean government is drawing criticism for imposing strict disaster-response requirements on private companies while failing to safeguard its own systems, after a fire at a state-run data center crippled key administrative services. According to a science ministry report submitted to a ruling party lawmaker, the government plans [...]
BUSAN, Sept. 28 (Korea Bizwire) — South Korea has declared its first national charter on animal protection, a symbolic yet landmark step in recognizing animals as living beings rather than property. While the document carries no legal force, officials and advocates say it sets out core values to guide future policy and public awareness on animal [...]
SEOUL, Sept. 25 (Korea Bizwire) — South Korea’s widening gap between retirement and pension eligibility is fueling structural imbalances in middle-aged employment, with Seoul turning to data-driven policymaking to address the challenge. According to a new survey of 10,000 job seekers and 450 companies released by the Seoul Metropolitan Government and the Seoul 50 Plus [...]
SEOUL, Sept. 25 (Korea Bizwire) — A top South Korean presidential aide said Wednesday that a potential currency swap with the United States is an essential safeguard in ongoing trade talks, but not sufficient on its own to resolve the thorny negotiations. Kim Yong-beom, presidential chief of staff for policy, told reporters in New York [...]